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Old 04-22-2015, 09:10 AM
 
Location: kansas city
678 posts, read 695,999 times
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Im 21 for now i dont want to retire i always want to be doing something and when i do retitre i want to have an abundant amout of money thinking about starting to invest and learn how to buy and sell stocks. I want more than a 401k i want to have savings in different places.

Last edited by tht1guy; 04-22-2015 at 09:45 AM..
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Old 04-22-2015, 09:16 AM
 
163 posts, read 269,379 times
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It's tough to get started without guidance. I'm also looking for help with the OPs question. :-)
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Old 04-22-2015, 09:24 AM
 
Location: Central Texas
13,715 posts, read 31,090,232 times
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Learn to spell, and find that shift key on your keyboard. You'll get more respect when you do.

It is never too early to start investing for retirement. The question asked by the OP can't be answered in a sentence or two.

The simplest answer I can give is take advantage of tax favored investment accounts such as 401Ks and Roth IRAs. Don't start by buying individual stocks. Buy index mutual funds or ETFs. Buy stocks when you have more experience and some comfort with the ups and downs of the market in general.
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Old 04-22-2015, 09:56 AM
 
Location: Paranoid State
13,044 posts, read 13,824,795 times
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In some fundamental sense, there is no such thing as retirement: you just change what you do.
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Old 04-22-2015, 10:16 AM
 
404 posts, read 902,516 times
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The earlier you start the better, work towards maxing out a roth ira.
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Old 04-22-2015, 02:33 PM
 
2,079 posts, read 3,200,570 times
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Quote:
Originally Posted by tht1guy View Post
Im 21 for now i dont want to retire i always want to be doing something and when i do retitre i want to have an abundant amout of money thinking about starting to invest and learn how to buy and sell stocks. I want more than a 401k i want to have savings in different places.
do not buy/sell individual stocks. look at etf's/index funds. only play individual stocks with money you can afford to lose(as if anyone has money they can afford to lose)

Quote:
Originally Posted by hoffdano View Post
Learn to spell, and find that shift key on your keyboard. You'll get more respect when you do.
lol u wot m8??

Quote:
Originally Posted by SportyandMisty View Post
In some fundamental sense, there is no such thing as retirement: you just change what you do.
this is an econ forum, not a philosophy forum.
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Old 04-22-2015, 04:16 PM
 
18,527 posts, read 15,506,793 times
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Quote:
Originally Posted by tht1guy View Post
Im 21 for now i dont want to retire i always want to be doing something and when i do retitre i want to have an abundant amout of money thinking about starting to invest and learn how to buy and sell stocks. I want more than a 401k i want to have savings in different places.
Start as soon as you can. If you have a full time job, you should be investing something. You can start small.
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Old 04-22-2015, 04:57 PM
 
1,198 posts, read 1,786,710 times
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There are tax credits for retirement investments. Start investing in your future with the first dollar you have as earned income, just treat it like any other tax.
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Old 04-22-2015, 05:24 PM
 
1,870 posts, read 1,894,860 times
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Quote:
Originally Posted by Seattlephil View Post
It's tough to get started without guidance.
No, it's easy to start. Open up a brokerage account, buy some stock. Make mistakes and learn from them.
Quote:
Originally Posted by StAcKhOuSe View Post
do not buy/sell individual stocks. look at etf's/index funds. only play individual stocks with money you can afford to lose(as if anyone has money they can afford to lose)
Someone who knows nothing about investing who only buys mutual funds will never learn how the market works. later, if you want to do less work, there is nothing wrong with just buying funds.

People that keep waiting till they understand the difference between stocks and bonds before starting to invest, deserve to be poor.

You can always afford to lose some money in the process of learning.

Last edited by IDtheftV; 04-22-2015 at 05:34 PM..
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Old 04-22-2015, 09:06 PM
 
Location: TN/NC
34,938 posts, read 31,071,316 times
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Generally ASAP as the conventional wisdom is markets will rise year over year (on average) and the longer you're in, the more compounding you get.
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